Hong Kong SAR, China - Imports of goods and services (% of GDP)

Imports of goods and services (% of GDP) in Hong Kong SAR, China was 174.92 as of 2020. Its highest value over the past 59 years was 221.01 in 2013, while its lowest value was 72.26 in 1965.

Definition: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 90.64
1962 86.66
1963 80.20
1964 80.59
1965 72.26
1966 79.44
1967 75.97
1968 84.83
1969 86.14
1970 85.48
1971 85.15
1972 76.44
1973 79.11
1974 81.84
1975 77.81
1976 78.76
1977 76.83
1978 84.57
1979 88.34
1980 89.26
1981 92.05
1982 84.30
1983 92.26
1984 95.95
1985 93.88
1986 95.60
1987 102.36
1988 111.21
1989 106.87
1990 108.73
1991 112.53
1992 117.47
1993 113.61
1994 118.14
1995 130.69
1996 123.17
1997 118.40
1998 110.30
1999 107.55
2000 121.62
2001 118.08
2002 123.92
2003 141.68
2004 159.07
2005 165.24
2006 174.02
2007 175.74
2008 183.24
2009 170.26
2010 199.45
2011 209.00
2012 214.72
2013 221.01
2014 212.89
2015 193.51
2016 184.73
2017 187.91
2018 188.57
2019 176.12
2020 174.92

Limitations and Exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics.

Statistical Concept and Methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts